I was pre-approved in 2013 for the purchase of a new home. I put $3,000 down into an escrow account for the builder. I later found out the lender made a mistake and I was no longer qualified for the amount of the home. In the end, I lost my escrow money. Is this tax deductable?

I was pre-approved in 2013 for the purchase of a new home. I put $3,000 down into an escrow account for the builder. I later found out the lender made a mistake and I was no longer qualified for the amount of the home. In the end, I lost my escrow money. Is this tax deductable?

DubLewis

no; you were buying a new, a personal residence. Losses on personal residences are not deductible.